Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Here’s Why

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Friday . The stock had previously closed at $11.0201, but opened at $12.5550. Electrolux shares last traded at $12.5550, with a volume of 218 shares traded.

Analyst Ratings Changes

ELUXY has been the subject of several recent analyst reports. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Electrolux in a research note on Monday, February 2nd. Finally, Zacks Research cut Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Electrolux Stock Performance

The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 48.29 and a beta of 1.05. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The stock has a fifty day moving average price of $12.18 and a 200-day moving average price of $13.65.

Electrolux (OTCMKTS:ELUXY) last released its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. On average, analysts expect that Electrolux AB will post -0.07 earnings per share for the current fiscal year.

Electrolux Company Profile

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.